Global Market Comments
June 20, 2023
Fiat Lux
Featured Trades:
(MARKET OUTLOOK FOR THE WEEK AHEAD, or TIME TO CHANGE STRATEGY),
(SPY), (TLT), (UNG), (FCX), (TSLA), (AMGN)
CLICK HERE to download today's position sheet.
"The rule of thumb is to do your homework, do your analysis, don't give up prudent risk management for the sake of certain fads. Look for real valuations, and stay true to your time frames," said Marc Chandler, the global head of currency strategy at Brown Brothers Harriman.
Global Market Comments
June 16, 2023
Fiat Lux
Featured Trades:
(THURSDAY, JULY 6 NEW YORK GLOBAL STRATEGY LUNCHEON),
(THE BARBELL PLAY WITH BERKSHIRE HATHAWAY),
(BRK/B)
CLICK HERE to download today's position sheet.
Global Market Comments
June 15, 2023
Fiat Lux
Featured Trades:
(GET READY TO TAKE A LEAP BACK INTO LEAPS),
(AAPL),
(TESTIMONIAL)
CLICK HERE to download today's position sheet.
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Dear John,
I hope you remember me. We once met at a luncheon in Paris a number of summers ago.
Thank you for the suggestion you made during the January 31 webinar about the launch of the Mad Hedge Technology Letter. After the first issue, I bought Micron Technology (MU).
I bought two July $39 Calls for $7.80 and two January 2019 $37 Calls for $11.40. On February 26, I sold one of the July calls for $11.00 (+40.7%), and today the second for $15.70 (+100.0%) for a total profit of $1,105.51.
I still have an unrealized profit of $1,718 on the January 2019 calls. So, if I sell those now, I will have earned $2000 with this trade.
We once met at a very scarcely attended luncheon in Paris a number of summers ago.
Kind regards,
Dirk
Belgium
John Thomas reply: Good work Dirk! Let’s meet in Paris again for lunch this July.
“Markets will overvalue what you can quantify,” said Ann Lamont at Oak Investment Partners, referring to the extreme high prices for public companies versus the discount valuations of private ones.
